Japanese firms expect prices to rise faster in the years ahead

Adding in the inflation expectations from the Bank of Japan Tankan just puyblished

Tankan Corporate Price Expectations Survey:

• Japan firms expect consumer prices to rise 2.4% a year from now vs +1.8% in prev survey
• Japan firms expect consumer prices to rise an annual 2% 3 years from now vs +1.6% in prev survey
• Japan firms expect consumer prices to rise an annual 1.9% 5 years from now vs +1.6% in prev survey

The major points from the Tankan are here:

• BOJ Tankan survey for Q2: Manufacturing and non-manufacturing indexes fall